Named after Governor Arthur Phillip, Phillip Island in Victoria (Australia) forms a natural breakwater for the shallow waters of Western Port Bay. It is a part of the Bass Coast Shire. Mainly a tourist destination, the island's history has seen shipwrecks and attempts to grow various specialty crops. The Penguin Parade (see little penguin) and Seal Rocks are the main tourist venues, with visitors from all over the world coming to see one of the few areas this species of penguin can be seen. Other tourist attractions include the Motorcycle Grand Prix and for the first time in 2004-2005, the Pyramid Rock Festival on New Years Eve.

Some towns on, and around, the island include:

• Beachcomber
• Cape Woolamai, Cowes, Cowes East, Cowes West
• Newhaven
• Rhyll
• San Remo, Silverleaves, Smith's Beach, Summerland, Sunderland Bay, Sunset Strip, Surf Beach
• Ventnor
• Wimbledon Heights, Woolamai Waters

See List of localities (Victoria) for other Victorian towns and cities.